© Reuters. Fanatics Sell 60% of Candy Digital Due to ‘NFT Market Crash’
sporting goods company Fanatics is shedding its stake in non-fungible token (NFT) company Candy Digital as confidence in the asset class wanes.
On January 4, it was reported that Fanatics, Michael Rubin’s sports company, has dumped 60% of its stake in the NFT startup.
Founded in 2011, Fanatics has become a household name in the sports retail and e-commerce industry. was estimated at 31 billion US dollars.
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